Democratic Senator Elizabeth Warren has requested information from the Managed Funds Association (MFA) regarding its potential involvement in the Trump administration’s recent financial support package for Argentina, according to a report by Bloomberg.
The move comes amid concerns that hedge fund interests may have influenced US government policy.
In a letter to MFA CEO Bryan Corbett, Warren sought documents and communications detailing whether the association or its members played a role in shaping the US Treasury’s $20bn swap framework, aimed at stabilising Argentina’s peso and financial markets. The bailout, coordinated by Treasury Secretary Scott Bessent, has drawn scrutiny for potentially benefiting hedge fund investors while leaving Argentina’s structural economic issues unresolved.
Warren highlighted the possibility that the support could allow hedge funds to exit positions without major losses, and requested details on MFA interactions with the administration, member investments in Argentina, and any related communications sent to members following the Treasury announcement. She set a response deadline of 22 October.
Alongside the inquiry, Warren has introduced legislation to restrict the Treasury’s Exchange Stabilisation Fund from providing direct or indirect financial support to Argentina, including currency swaps or sovereign debt purchases. The bill also mandates termination of any pre-existing contracts within seven days of enactment.
An MFA spokesperson confirmed receipt of the letter and said staff are reviewing its contents.
